- Analytics
- News and Tools
- Market News
- USD/JPY: The 110.97 high for the year is exposed - Credit Suisse
USD/JPY: The 110.97 high for the year is exposed - Credit Suisse
FXStreet reports that USD/JPY has completed a base above 109.79 and analysts at Credit Suisse look for strength back to the high for the year at 110.97.
“USD/JPY surged sharply higher yesterday and this has seen key price resistance from the mid-May highs at 109.75/79 cleared. This sees a base complete to resolve the near-term range higher to clear the way for strength back to challenge the late March high and potential downtrend from February 2020 at 110.79/97.”
“Whilst a fresh setback from 110.79/97 should be allowed for our bias is for a break above here in due course to expose more important resistance at 111.95/112.40.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
